For questions about the MT4/MT5 removal from the Apple App store. Read More

Technical analysis report

19 Aug 2020 02:03 PM

EURUSD

This pair surpassed the upper bound of the cross-region of $1.1900, and we expect it to remain stable above it and potentially target levels of 1.20 - 1.2050.

However, in the event of a breakthrough below 1.19 levels, the pair might retreat to the lower bound of the sideways channel near 1.1700.

GBPUSD

Sterling succeeded in crossing the $1.3200 resistance barrier and we expect the rise to continue to target 1.3350 - 1.3500.

In the event of a fall below 1.3200 levels, we expect the pair to decline to 1.3100 - 1.3000.

.

USDJPY

This pair retreated below 106.00 levels, and we expect it to continue its decline to support levels of 105.00 - 104.00.

The pair's resistance is 106.00 - 107.00.

Gold (XAUUSD)

Gold is moving within a bullish channel on an hourly timeframe. The 2025 levels represent the upper bound resistance level, from which it may rebound in the case of the upside.

The support level to watch is 1980; if it breaks it, gold might target the lower bound of the channel at $1960.

WTI (USOILROLL)

Oil is facing support levels at $41.70. We expect it to remain near that level while targeting 43.50 from the upside. Following through that level, oil may target 45.00.

If it breaks the 41.70 support level, it may fall to 40.50-39.00.

Dow Jones

The Dow Jones formed a triangle pattern after the upside movement it achieved during the previous sessions. We expect that if it surpasses the 28150 resistance level, the index may continue rising to 28500-2900 points.

The support level to watch is 27600; if it breaks it, the index may retreat to 27200 levels.

Tags:

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only